Custom Contribution Account Offerings
Our benefit plan account offerings include the categories of healthcare, fringe, education, wellness, giving, and more. Employers have the option to create a customized benefit plan that works for their individual workplace program and the employees it serves. The configurability and benefit accounts are virtually endless!
Healthcare Accounts
Healthcare Flexible Spending Account
A Healthcare Flexible Spending Account (FSA) offers a valuable way for employees to save on rising healthcare costs by setting aside pretax funds for eligible healthcare expenses. Healthcare FSAs are among the nation’s leading employer-sponsored benefit programs. Both employer and employees save payroll taxes for each and every dollar that is contributed. This is the easiest way for employees to take advantage of tax-free dollars for eligible health, dental, and vision expenses.
Health Savings Account
A Health Savings Account (HSA) allows employees enrolled in a High Deductible Health Plan to use pretax dollars to pay for eligible healthcare expenses. Unused HSA funds can also be invested. HSAs are excellent savings vehicles for current and future medical expenses. Plus, they can play an important part in an individual’s overall retirement strategy.
Limited Purpose Healthcare Flexible Spending Account
A Limited Purpose Healthcare FSA (LPFSA) is a healthcare spending account that can only be used for eligible vision and dental expenses. Unlike a Healthcare FSA, a LPFSA can be held at the same time as a Health Savings Account (HSA). A LPFSA works with a Health Savings Account (HSA). Participants who are enrolled in an HSA may no longer participate in a full-coverage Healthcare FSA. Instead, they are eligible for a Limited-Purpose Healthcare FSA.
Lifestyle Reimbursement Accounts
Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending Account allows employees to save on eligible dependent care expenses such as preschool, summer day camp, before/after school programs, and child or adult daycare. Dependent Care FSAs can save participants as much as 30% on dependent care expenses.
Back-up Care Reimbursement Account
A Back-Up Care Reimbursement Account allows employees to be reimbursed for emergency dependent care needed during working hours when the employee’s usual care arrangements are unavailable. Unexpected or emergency care can make it hard for employees to focus on their work and support their family.
Child Adoption Assistance Account
A Child Adoption Assistance Account allows employees to set aside money to pay for expenses related to adopting a child including medical, travel, and legal expenses. Setting aside funds from each paycheck into a Child Assistance Adoption Account can help employees when they are planning to adopt a child.
Fertility Account
A Lifestyle Reimbursement Account Non-Tax Advantaged allows employees to be reimbursed for a variety of non 213(d) eligible expense types related to wellness and well-being. It also allows employers to be creative in the types of expenses they offer to improve their employees personal, financial, or overall well-being. As an example, the Fertility Account allows employees to set aside funds for expense related to fertility treatments.
Wellness Reimbursement Arrangement
A Wellness Reimbursement Account is an employer-funded plan that reimburses participants for wellness related expenses. The employer can reimburse exercise classes, exercise equipment, gym membership, smoking cessation classes and much more! Offering a Wellness Reimbursement Account provides an additional benefit outside of standard health benefits which can enhance your employee’s well-being.
Wellness Reward Account
A Wellness Reward Account is an employer-funded benefit in which participants receive money once they meet defined wellness metrics. Encourage a culture of employee health and well-being where employees earn cash rewards when they make healthy lifestyle choices.
Pet Care or Insurance Reimbursement Account
A Lifestyle Reimbursement Account Non-Tax Advantaged allows employees to be reimbursed for a variety of non 213(d) eligible expense types related to wellness and well-being. It also allows employers to be creative in the types of expenses they offer to improve their employees personal, financial, or overall well-being. This is another example of how employers allow employees to be reimbursed for pet care expenses and/or pet insurance premiums.
Emergency Medical Loan Reimbursement Account
An Emergency Medical Loan Account helps employees manage the high cost of health care by offering a low to no interest loan that gives access to funds for unexpected medical emergencies or when employees have maxed out their HFSA or HSA. Restricted to medical, dental and vision — but does not require an emergency or triggering event to be covered.
Gender Affirmation Reimbursement Account
A Gender Affirmation Reimbursement account allows employers to support employees by covering treatment costs that may not be covered by other insurance. The Gender Affirmation Reimbursement account allows employers to offer reimbursement to employees for expenses incurred related to the gender affirmation process. Gender Affirmation Reimbursement accounts encourage a culture of employee well-being.
Emergency Savings Account
An Emergency Savings Account provides a way for employees to set aside funds from each paycheck into a savings account which can be used when an unexpected expense or emergency occurs. This allows for an employee to set aside funds without a bank transaction.
Emergency Reimbursement Account
An Emergency Expense Reimbursement Account (Non-Tax Advantaged) allows employers to help cover unforeseen costs for their employees during an emergency. The employer defines what qualifies as an emergency (i.e. pandemic, natural disaster). This account is not intended for a personal crisis or hardship.
Holiday Club Saving Account
Employees enroll and elect how much they wish to set aside each payroll into their Holiday Club Account. Then when they need their funds, they can pay for their holiday expenses using their TASC Card.
Education Accounts
Tuition Reimbursement Account
A Tuition Reimbursement Account covers employee tuition expenses for approved college or technical school courses being incurred now and in the future.
Student Loan Repayment Account
Student Loan Reimbursement allows employees to be reimbursed for their student loan debt payments. Student loan debt is a societal concern and a major concern for many young workers.
Giving Accounts
Giving Savings Account
TASC’s Giving Savings Account allows your employees to make contributions from payroll deductions making saving easy and seamless. Employees can choose to fund the Giving Savings Account making a one-time donation using their bank account via ACH, or a recurring donation via payroll deductions on a post-tax basis. This is not a Donor Advised Fund, nor is it established as a tax-deductible 501(c)3, rather funds are set aside in a non-tax advantaged account with the intent to make a chartable contribution at a later date.
Crisis Fund
An Employee Crisis Fund Account allows employers to set aside funds to grant to employees who are struck by personal hardship or a crisis. Employees can apply to the employer to receive grant monies through the Crisis Fund Account when they meet the qualifications and demonstrate a need resulting from a crisis. Participants are not required to repay grant funds. The fund is employer-funded. If the employer chooses to allow employee contributions as well, the client will collect funds from employees and send to TASC as an aggregate amount with client contributions.
Commuter Accounts
Parking Account
A Parking Account allows participants to use pretax dollars to park at or near work during work hours. Employees can save up to 40% on eligible transportation costs.
Bike Account
A Bike Account allows employees to be reimbursed for bike expenses associated with their commute from home to work. Employers can support and encourage health and wellness by offering to reimburse work-related bike commuting expenses.
Transit Account
A Transit Account allows participants to use pretax dollars to pay for public transportation to get to work such as a bus, train, or a commuter highway vehicle, like a van pool. Employees can save up to 40% on eligible transportation costs by using the pretax dollars in a Transit Account.
Workplace Accounts
Travel & Business Meal Account
A Travel and Business Meals Account allows employers to reimburse employees for travel and meal expenses incurred by the employee in relation to their employment.
Employers can help their employees by covering the cost of travel for business purposes or to entertain a business client in a tax advantaged manner.
Gas Plus Account
A Gas Plus account allows employers to support employees by reimbursing for gas and transit costs to and from work. Gas Plus accounts encourage a culture of employee well-being.
Home Office or Supply Account
A Home Office Account allows remote employees to be reimbursed for home office expenses on a tax-advantaged basis. Ensure remote staff has the tools they need to be effective.
An Office Supplies Reimbursement Account allows employees to be reimbursed for office expenses on a tax-advantaged basis.
Work Clothes Account
A Work Clothes Account allows employees to be reimbursed for work clothes required for employment (not adaptable to street wear.) Help employees with the cost for clothing required for their job functions.
Vaccination Reward Account
A Vaccination Reward Account allows employers to offer a cash reward incentive to employees who are vaccinated against illnesses such as COVID-19 or the flu.
The employer determines which vaccination or vaccinations are eligible. It is not tax-advantaged for the participant or the employer. This account doesn’t work like typical benefit plans. There are not eligible expenses that are paid with the TASC Card or a need to request reimbursement for out-of-pocket expenses. The employee must make a request to receive the cash award to the vaccine account. The employer chooses the amount of the reward.
Professional Business Expense Account
A Professional Business Expense Account reimburses employees for business expenses such as professional dues, licensing fees, subscriptions to trade journals and continuing education. Employers can show commitment to their employees’ professional development and well-being.
Employee Achievement/Reward Account
Employers provide an incentive program to encourage specific achievements of employees. When the achievement has been reached, funds are put into an employee’s account and may be used on any expense the employee chooses. At the employer’s discretion, the first $400 can be tax advantaged (excluded from income) for the employee. The employer needs to track this and exclude funds from the participant’s regular income, when desired.
Worksite Tools Account
A Workplace Tool Account allows for the tax-advantaged reimbursement of small work tools required for employment, but owned by the employee. Funds are restricted to use on the intended expenses and are not taxable income to the employee, saving employers on taxes, too.
